Cwm LLC Has $3.02 Million Stock Position in Eaton Co. plc (NYSE:ETN)

Cwm LLC boosted its stake in Eaton Co. plc (NYSE:ETN) by 2.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 12,528 shares of the industrial products company’s stock after buying an additional 278 shares during the period. Cwm LLC’s holdings in Eaton were worth $3,017,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of ETN. Tennessee Valley Asset Management Partners acquired a new position in Eaton in the 4th quarter valued at about $25,000. Valued Wealth Advisors LLC acquired a new position in shares of Eaton during the 4th quarter worth approximately $35,000. Chilton Capital Management LLC acquired a new position in shares of Eaton during the 4th quarter worth approximately $35,000. Authentikos Wealth Advisory LLC acquired a new position in shares of Eaton during the 3rd quarter worth approximately $39,000. Finally, Legacy Financial Group LLC acquired a new position in shares of Eaton during the 3rd quarter worth approximately $43,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

Insider Transactions at Eaton

In other news, insider Ernest W. Marshall, Jr. sold 19,750 shares of the stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $273.17, for a total transaction of $5,395,107.50. Following the completion of the sale, the insider now directly owns 29,712 shares in the company, valued at $8,116,427.04. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Eaton news, insider Peter Denk sold 1,731 shares of the firm’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $288.97, for a total value of $500,207.07. Following the completion of the sale, the insider now directly owns 5,514 shares in the company, valued at $1,593,380.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ernest W. Marshall, Jr. sold 19,750 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $273.17, for a total transaction of $5,395,107.50. Following the completion of the sale, the insider now owns 29,712 shares of the company’s stock, valued at $8,116,427.04. The disclosure for this sale can be found here. Insiders sold a total of 38,969 shares of company stock worth $10,904,774 over the last three months. 0.53% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ETN. Bank of America increased their target price on shares of Eaton from $320.00 to $330.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Mizuho increased their target price on shares of Eaton from $300.00 to $340.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Berenberg Bank upped their price target on shares of Eaton from $200.00 to $345.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Evercore ISI upped their price target on shares of Eaton from $262.00 to $308.00 and gave the stock an “outperform” rating in a report on Tuesday, February 20th. Finally, Wolfe Research reaffirmed an “underperform” rating and set a $312.00 price target on shares of Eaton in a report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Eaton presently has an average rating of “Moderate Buy” and an average price target of $295.60.

Eaton Price Performance

ETN stock opened at $318.93 on Thursday. The company has a fifty day moving average price of $303.06 and a 200-day moving average price of $257.09. The company has a market capitalization of $127.41 billion, a P/E ratio of 39.77, a PEG ratio of 2.59 and a beta of 1.07. Eaton Co. plc has a 52-week low of $161.12 and a 52-week high of $331.47. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.02 and a current ratio of 1.51.

Eaton (NYSE:ETN) last posted its quarterly earnings data on Thursday, February 1st. The industrial products company reported $2.55 earnings per share for the quarter, topping the consensus estimate of $2.47 by $0.08. Eaton had a net margin of 13.88% and a return on equity of 20.05%. The company had revenue of $5.97 billion during the quarter, compared to analysts’ expectations of $5.91 billion. During the same period in the prior year, the company posted $2.06 earnings per share. Eaton’s revenue for the quarter was up 10.8% compared to the same quarter last year. As a group, equities analysts expect that Eaton Co. plc will post 10.28 EPS for the current year.

Eaton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Monday, May 6th will be given a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend is Friday, May 3rd. Eaton’s dividend payout ratio (DPR) is presently 46.88%.

Eaton Company Profile

Eaton Corporation plc operates as a power management company worldwide. The company's Electrical Americas and Electrical Global segment provides electrical components, industrial components, power distribution and assemblies, residential products, single and three phase power quality and connectivity products, wiring devices, circuit protection products, utility power distribution products, power reliability equipment, and services, as well as hazardous duty electrical equipment, emergency lighting, fire detection, explosion-proof instrumentation, and structural support systems.